Looking to diversify beyond CGV? The ETFs below have historically moved differently from CGV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CGV
297 ETFs have low correlation with CGV (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.31 | — | 61 | Cryptocurrency | CGV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CGV vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 61 | Inverse Equities, Leveraged Equities | CGV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | — | — | 52 | Inverse Equities | CGV vs SMST | |
| Alpha Architect Tail Risk ETF | -0.24 | -0.07 | — | 56 | Options Trading | CGV vs CAOS |
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